From a book I'm reading: "If you have a view that gold is overvalued, you can express it by shorting the South African rand or the Aussie dollar, selling a gold-related equity, or doing a structured note."
I understand selling a gold-related equity, but I'm unclear how the others benefit from gold being overvalued. Thanks for any help
http://en.wikipedia.org/wiki/Mining_industry_of_South_Africa#Gold
http://en.wikipedia.org/wiki/Mining_in_Australia#Mining
These countries export a lot of gold and the valuation would have a big affect on GDP.
More direct route: short GLD.
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